Editing Market system (section)

==Types==
In [[economics]], [[market forms]] are studied.  These look at the impacts of a particular form on larger markets, rather than technical characteristics of how buyers and sellers interact.

Heavy reliance on many interacting market systems and different forms of markets is a feature of [[capitalism]], and advocates of [[socialism]] often criticize markets and aim to substitute markets with [[economic planning]] to varying degrees. Competition is the regulatory mechanism of the market system.  This article does not discuss the political impact of any particular system nor applications of a particular mechanism to any particular problem in real life.  For more on specific types of real-life markets, see [[commodity markets]], [[insurance market]]s, [[bond market]]s, [[energy market]]s, [[flea market]]s, [[debt market]]s, [[trade|commercial market]]s, [[online auction business model|online auctions]], [[media exchange markets]], [[real estate market]], each of which is explained in its own article with features of its application, referring to market systems as such if needed. One of the most important characteristics of a market economy, also called a free enterprise economy, is the role of a limited government.{{citation needed|date=April 2020}}